This website is using cookies
This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

Wendelstein 2017-1 UG: 26 December 2017

The transaction is a securitisation of mortgage loans which have been originated in Germany by Deutsche Bank Bauspar-Aktiengesellschaft. The initial asset portfolio is entirely comprised of building-saving (Bauspar) mortgage loans.

Of note is that during a three-year revolving period the issuer may purchase assets originated by DB Bauspar, Deutsche Bank AG and Deutsche Bank Privat- und Geschäftskunden Aktiengesellschaft, however assets originated by the latter two entities may only be purchased after further notes have been issued.

DB Bauspar and DB Private are each a 100% subsidiary of DB AG, providing home loan and savings products as well as mortgage lending linked with home savings products such as financing, savings and retirement arrangements.